The Reserve Bank of India on Monday permitted banks to allow minors above the age of 10 years to open and operate savings and term deposit accounts independently. The banks are free to offer additional banking facilities like internet banking, ATM/ debit cards and cheque book facility to the minor account holders on the basis
As bulls charge ahead in 2025, India’s stock market displays robust momentum. The Nifty50 index is inching to its 2025 highs (24,226), while Bank Nifty has already set a new milestone, crossing the 55,000 mark. However, the IT index is one sector lagging in the rally, raising a critical question for investors: Has IT stock
Four major crypto companies are seeking various banking licenses in a strategic effort to integrate digital assets with traditional financial systems, according to a new Wall Street Journal report. According to the WSJ report, USDC-issuer Circle and BitGo are pursuing federal bank charters that would allow them to function as conventional lending institutions, offering deposit
The founders of women-owned Fortuna Bank aim to help local business owners grow and thrive. Lisa Berger and Ilaria Rawlins had experienced plenty of success in their careers, but a novel idea to start a women-owned bank was an opportunity they couldn’t turn down. Berger and Rawlins met in 2006, when Berger—at the time a
Jitender Jain is a global thought leader, speaker and author in technology, focusing on digital transformation and innovation. getty I’ve spent more than 17 years watching digital banking systems transform. Consulting for banking giants, as well as having been a technical expert at Capital One, I’ve had my hands in the systems that now use
Rabat — With the growing use of digital and online tools in bank services, like remote transactions, payments, and loan applications, Bank Al-Maghrib (BAM), Morocco’s central bank, has released a practical security guide to help customers protect themselves from the growing digital crimes. Today’s banking customers can check balances, transfer money, and even apply for
UAE — In a significant move to empower SMEs with smarter financial management, Tally Solutions, a leading international technology provider of business management software, has announced the launch of TallyPrime 6.0. This latest unveiling introduces advanced banking integration, transforming how businesses handle bank reconciliation and automated accounting. By bridging the gap between banking and accounting, TallyPrime
LANDBANK recorded a significant increase in digital banking transactions in 2024, driven by the growing shift of customers to online banking services and the bank’s sustained investments in enhancing its digital platforms. The bank facilitated a total of 162.28 million digital transactions, marking a 67 percent expansion from 97.08 million in 2023, with a total
Doha, Qatar: QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, has once again secured its position as the most valuable banking brand in the region, according to the latest Brand Finance Banking 500 report. With a brand value of $9.36bn, QNB maintains its leading position among MEA banks and
A moment’s distraction is all it takes to fall into a fraudster’s trap, such as an urgent phone call from ‘your bank’ during a busy day, but there are many simple ways to protect your financial accounts. I’ve spent more than a decade researching threats and battling to get bank fraud victims their money back, yet